Core Points - KBR, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from May 6, 2025, to June 19, 2025 [1][3] - The lawsuit is pending in the United States District Court for the Southern District of Texas, with a deadline of November 18, 2025, for investors to file lead plaintiff applications [1][5] - The lawsuit is linked to a significant drop in KBR's stock price following the termination of a contract by HomeSafe Alliance, a joint venture in which KBR holds a 72% economic interest [4] Company Information - HomeSafe Alliance, a joint venture of KBR, was awarded a contract by the U.S. Department of Defense to improve the military move system but had the contract terminated, leading to a notable decline in KBR's stock price [4] - Following the contract termination announcement, KBR's shares fell by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further declined by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4] Legal Context - The case is identified as Norrman v. KBR, Inc., et al., No. 25-cv-04464, highlighting the legal implications for KBR and its executives regarding the alleged failure to disclose critical information [5]

Core Viewpoint - A class action lawsuit has been filed against KBR, Inc. for allegedly misleading investors regarding the capabilities of its joint venture, HomeSafe Alliance, to fulfill a significant contract with the U.S. Department of Defense [1][2][3]. Group 1: Allegations and Contract Issues - HomeSafe Alliance, a joint venture in which KBR holds a 72% economic interest, was awarded the Global Household Goods Contract by TRANSCOM, which assists U.S. military personnel and their families with relocations [2]. - The complaint alleges that KBR was aware of TRANSCOM's concerns about HomeSafe's ability to meet contract obligations but continued to assert that the partnership was functioning well and would improve in future quarters [3]. Group 2: Stock Price Impact - Following the announcement of issues between TRANSCOM and HomeSafe, KBR's stock price dropped by $3.85 per share (7.29%) to close at $48.93 on June 20, 2025, and fell further by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4]. Group 3: Class Action Participation - Shareholders interested in leading the class action must submit their papers by November 18, 2025, and can choose to remain absent from the case while still being eligible for recovery [5].

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired KBR, Inc. ("KBR†or the "Company†) (NYSE: KBR) securities between May 6, 2025 and June 19, 2025, inclusive (the "Class Period†). KBR investors have until November 18, 2025 to file a lead plaintiff motion IF YOU SUFFERED A LOSS ON YOUR KBR, INC. (KBR), CLICK H. ...

Core Viewpoint - Law Offices of Frank R. Cruz is encouraging KBR, Inc. investors to inquire about a securities fraud class action, indicating potential legal issues surrounding the company [1] Group 1 - The law firm is actively seeking investors of KBR, Inc. to participate in the class action lawsuit [1] - The announcement suggests that there may be significant concerns regarding KBR's financial practices or disclosures [1] - This legal action could impact KBR's reputation and financial standing in the market [1]

Core Viewpoint - KBR announced the spin-off of its Mission Technology Solutions division, leading to a 1.8% increase in stock price, aimed at creating two independent companies to enhance growth and value for stakeholders [1] Company Summary - KBR is taking strategic steps to separate its Mission Technology Solutions division, which is expected to unlock value and drive growth for the newly formed entities [1]

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Core Viewpoint - KBR has announced a strategic intent to spin off its Mission Technology Solutions to unlock meaningful value creation for the company and its investors [2]. Group 1: Company Announcement - The special investor webcast was hosted by KBR's Vice President of Investor Relations, Jamie DuBray, along with CEO Stuart Bradie and CFO Mark Sopp [2]. - The company will not be addressing questions related to its financial performance for 2025 during this session [3]. Group 2: Financial Information - The presentation includes forward-looking statements that reflect KBR's views on future events and their potential impact on performance [4]. - The discussion also features non-GAAP financial measures that KBR believes are useful metrics for investors [4].

Core Viewpoint - KBR announced a strategic intent to spin off its Mission Technology Solutions to unlock meaningful value creation for the company [2]. Group 1: Company Overview - The webcast was hosted by Jamie DuBray, Vice President of Investor Relations, with participation from Stuart Bradie, President and CEO, and Mark Sopp, Executive Vice President and CFO [2]. - The company is currently not addressing questions related to its 2025 financial performance during this presentation [3]. Group 2: Strategic Intent - The spin-off of Mission Technology Solutions is aimed at enhancing value creation for KBR [2]. - The presentation includes forward-looking statements regarding the company's views on future events and their potential impact on performance [4]. Group 3: Financial Metrics - The discussion includes non-GAAP financial measures that KBR believes are useful metrics for investors [4].

Core Viewpoint - KBR, Inc. plans to spin off its Mission Technology Solutions business, creating two independent public companies, with the transaction expected to be tax-free and completed by mid-to-late 2026 [1] Group 1: New KBR - New KBR will focus on sustainable technology, housing the Sustainable Technology Solutions segment, which offers over 85 process technologies across energy transition, chemicals, refining, and circular economy markets [2] - The unit anticipates growth through low-capital operations and strong cash conversion [2] Group 2: SpinCo - SpinCo will cater to global government customers in defense and space, benefiting from long-term contracts and a history of acquisitions that have enhanced its capabilities [3] - The capital-light model and predictable revenue of SpinCo are expected to drive growth in areas supported by increasing budgets [3] Group 3: Leadership and Management - Current Chair and CEO Stuart Bradi will remain at New KBR, while Mark Sopp will oversee the spin-off process before transitioning to a new role [4] - Shad Evans will succeed Sopp as chief financial officer in January 2026 and will continue in that position post-separation [4] - A search is currently underway for SpinCo's leadership team [4] Group 4: Legal and Financial Outlook - The restructuring occurs amid a securities class action lawsuit related to the termination of a Transcom contract, with investors alleging potential violations of securities law [5] - KBR has reaffirmed its 2025 financial outlook and plans to hold investor days ahead of the separation [5] - Following the announcement, KBR shares increased by 8.70% to $52.00 in premarket trading [5]

Summary of KBR's Special Investor Webcast Company Overview - **Company**: KBR, Inc. - **Segments**: KBR is planning to spin off its Mission Technology Solutions (MTS) segment, creating two independent public companies: New KBR (Sustainable Technology Solutions segment) and SpinCo (Mission Technology Solutions segment) [2][4][10]. Key Points and Arguments 1. **Strategic Spin-off Announcement**: KBR announced its intent to spin off the MTS segment to unlock shareholder value, resulting in two independent companies with focused management and financial flexibility [4][5]. 2. **Tax-Free Transaction**: The spin-off is expected to be tax-free for KBR and its shareholders, with completion anticipated in mid to late 2026 [5][18]. 3. **Historical Transformation**: KBR has undergone a decade-long transformation, increasing revenue from approximately $5 billion to $8 billion, and margins nearly doubling from over 6% to under 12% [6][7]. 4. **Financial Performance**: Adjusted EBITDA has grown by over 180% during the transformation, with significant increases in adjusted EPS and operating cash flow [7]. 5. **Independent Business Models**: Post-spin, New KBR will focus on sustainable technology solutions, while SpinCo will concentrate on government solutions, both benefiting from dedicated management and strategic focus [8][10]. 6. **Market Positioning**: New KBR is expected to lead in IP-protected technologies, while SpinCo will focus on national security and space priorities, with a backlog of $17.8 billion [11][15]. 7. **Financial Metrics**: For the trailing 12 months ending July 4, 2025, New KBR reported revenue of $2.2 billion with adjusted EBITDA margins around 22%, while SpinCo reported revenue of $5.8 billion with adjusted EBITDA margins around 10% [11][12]. 8. **Leadership Changes**: Mark Sopp will oversee the spin-off of MTS, while Shad Evans will become the CFO of New KBR post-spin [16][17]. Additional Important Content 1. **Organizational Agility**: The spin-off is expected to enhance organizational agility, streamline decision-making, and improve accountability [9]. 2. **Customer Focus**: Each company will have the flexibility to optimize its capital structure and align its capabilities with customer needs, enhancing customer intimacy [9][10]. 3. **Cost Structure Management**: KBR aims to minimize stranded costs post-spin, with a focus on maintaining cost-competitiveness and attractive financial profiles for both companies [36][37]. 4. **Market Diversification**: Both businesses have been designed to mitigate cycle risk through diversification across multiple market streams and geographical areas [43][44]. 5. **Future Investor Days**: Dedicated investor days will be held for both New KBR and SpinCo to provide deeper insights into their operations and growth strategies [12][55]. This summary encapsulates the key aspects of KBR's strategic direction, financial performance, and future outlook as discussed in the investor webcast.